May 6, 1997

Dear Mr. Marcus:

I received the gold and stainless steel Rolex Daytona chronometer last week and I am very pleased with it. I will definitely be doing business with Capetown in the future. Would you be able to provide me with an appraisal document for the Daytona so that I can list on my insurance policy? (They require appraisal for anything over $4,000). I would appreciate this tremendously, as I'd rather not leave it with a local jeweler.

Sincerely,

Stuart P. Rogers
Raleigh, North Carolina